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๐Ÿ‡ณ๐Ÿ‡ด Norway /Economy & Trade

EU: US tariffs in line with previous agreement

From Aftenposten · () Norwegian

Translated from Norwegian, summarized and contextualized by DistantNews.

At a glance

News From a news agency New plan
  • The European Commission cautiously welcomed new U.S. tariffs, stating they align with a previous agreement made last year.
  • The EU sees this outcome as positive momentum for further exploring tariff exemptions.
  • The U.S. announced tariffs of 10 to 12.5 percent on goods from 60 countries, with Norway and about 50 other nations facing the higher rate.

The European Commission has offered a cautious welcome to new tariffs imposed by the United States, viewing the outcome as consistent with an agreement reached between the EU and the U.S. last year. A spokesperson for the Commission stated on Friday that the EU views the fact that this outcome aligns with the American tariff commitments agreed upon in the joint declaration between the EU and the U.S. positively.

This development is seen as providing positive momentum for continued efforts to explore further tariff exemptions. The U.S. administration, as previously signaled, announced new tariffs ranging from 10 to 12.5 percent on goods originating from 60 different countries. This measure impacts a significant number of nations globally.

EU sees positive on the fact that this outcome is in line with the American tariff commitments that were agreed upon in the joint declaration between the EU and the USA.

โ€” EU Commission spokespersonCommenting on the new U.S. tariffs aligning with a previous agreement.

Norway, along with approximately 50 other countries, will be subject to the higher tariff rate. In contrast, the lower tariff rate applies to goods from the European Union and a select few other nations. The specifics of the agreement and the differential application of tariffs underscore the complex trade relationships and negotiations between the U.S. and its international partners.

This provides positive momentum for continuing the work of exploring further tariff exemptions.

โ€” EU Commission spokespersonExpressing optimism about future trade negotiations following the tariff announcement.
DistantNews Editorial

Originally published by Aftenposten in Norwegian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.